The Week the Music Industry Came Unraveled
Was it really just last week that the RIAA won its first major file sharing lawsuit? I think that history will remember the victory as the apex of the industries clever strategy of suing its customers. In the eight long days since the verdict, it?s been nothing but bad news for the major labels. It?s almost like the verdict put a curse on the entire industry.
During
our podcast a few weeks back, we raised a few eyebrows when we suggested that it wouldn?t be long before major recording artists began self-releasing their albums. This past week we saw a major act do just that, as
Radiohead began selling its latest collection of songs directly to consumers through the band?s website.
Can one band bring down an entire industry? Hardly. But Radiohead isn?t alone.
more